Recently on this blog, we discussed the federal estate tax and noted that its exemption is now set at $11.4 million. Since Texas has no state estate tax, and few Texas individuals leave behind an estate worth more than $11.4 million, most Texas families need not...
Month: June 2019
Clearing up some estate tax myths
Estate planning and probate are subjects that can profoundly affect people's lives, and yet they don't come up very often in conversation. One of the few occasions on which the popular news media will discuss the subjects is when there is a courtroom battle over a...
What does an estate administrator do?
Under Texas law, people can become administrator of an estate through several ways. Perhaps the most familiar is a situation in which an executor is appointed in the text of the will. In other cases, the court must appoint an administrator. In most of these...
If you own guns, you may need this estate-planning tool
Owning firearms is a right given to you by the Second Amendment to the U.S. Constitution. Even so, you remain responsible for following the laws, rules and regulations that come with that ownership. In fact, in order to own some weapons, you need to receive permission...
Report on artist’s business reveals risk of undue influence
Peter Max is one of the best-known visual artists in the world. His brightly colored artwork symbolized the pop art and psychedelic art movements of the 1960s and '70s, and has only grown more popular since then. He has been named the official artist for numerous...